Rubber Slumps Most in Two Months as Yen’s Rebound Reduces Appeal
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Rubber slumped the most in two months as Japan’s currency rebounded to a one-month high, weakening the appeal of the yen-denominated futures, amid concerns about slowdown in the U.S. and Chinese economies.
The contract for delivery in January lost 3.9 percent to 241.8 yen a kilogram ($2,471 a metric ton) on the Tokyo Commodity Exchange, the lowest settlement for a most-active contract since July 16 and the largest daily drop since May 30.